Latest Answer: I would suggest you should see the graph which shows the growth of property prices over a period of time, House of hiranandani has build flats from 30L to 1.5 cr so its a varied market. So of builders like Hira are having a development plan in these locations, that shows the realty sector is going to boom. Also see that the new government will also have a positive impact on reality sector.

Latest Answer: Hi Mr Srinivas,
Foreclosed houses are the houses auctioned by banks to recover the loans that buyers fail to repay and, hence, the cut in prices. Such properties are cheaper by 10-25 per cent of their prevailing market value. Those houses are called foreclosed property. There are many definitions for foreclosed property.

Latest Answer: Over the last 2 years there has not been much of a difference between a public sector and a private sector when it come to a Housing Loan. One of the main complaints against private banks has been that it is more expensive but currently the Rate of Interest at both Public and Private banks are the same. ( Except for SBI which is 0.10% cheaper)
When it comes to ease and speed of processing Private banks are much better and also they have a much better customer support unit which may be lacking in most public sectors banks as of now.
The RBI has also made it clear that the banks cannot charge any foreclosure or pre-closure charges which has ensured that there are no hidden charges which can be passed on to the customer.
I would definitely suggest a HDFC or a ICICI bank to address your home loan requirement today than a Public sector bank taking into consideration that the rates being the same I am getting a much better service and facilities.

Latest Answer: 4) Not getting the important documents upfront
Home loan documents are important set of papers that require special attention. Borrowers often fail to arrange them properly and misplace them or lose them with any financial institution. In addition to it, borrowers often forget to request for a list of the documents submitted to a financial institution, after the loan processing process is completed. This takes a toll on the individual’s credibility and makes it difficult for him/her to apply for any other loan in future.

Q:How the increased repo rates are going to affect the real estate market? Although the finance expert were telling that the Repo rates will remain stagnant but however the Repo rates have been increased by 0.25 percent.

Latest Answer: According to an expert, other way of repayment could be that the co-borrowers share the number of EMIs between them such that a specific number of cheques can be issued by one borrower and the balance by the other